Harsha Upadhyaya tells Kayezad Adajania about his experience with company background checks.
Assuming the government actually walks the path of fiscal profligacy, the next question is – how will the additional deficit be funded?
This is the second written communication to investors in the last three days
Kotak MF said its exposure to Essel Group remained in six fixed maturity plans (FMPs) and in Kotak Credit Risk Fund to an extent of 0.37 percent of its assets under management.
The underlying fund is an open-ended series trust of SMAM Global Investment Trust, based in Cayman Islands
The market today is pricing in a stable government which will pursue the path of higher growth
While current valuations are not cheap, the fund house expects a further pick-up in earnings
Speaking on a sectoral basis, Upadhyaya said that he is still underweight on the IT space, despite the run up seen recently.
Any spate of volatility is good for any long-term investments, said Harsha Upadhyaya, CIO Equity, Kotak Mutual Fund.
Financials is an interesting space because the market share has shifted from PSUs to private in spaces banks, insurance, AMCs, said Pankaj Tibrewal, Senior VP & Equity Fund Manager, Kotak MF.
"Mutual funds are growing at a rate of 15 per cent annually in the country," KMF national head (sales and distribution alliance) Manish Mehta told reporters.
Upadhyaya feels monsoon progress until now has been above-normal despite some softening recently, which augurs well for many rural oriented businesses.
Cement is likely to benefit from consolidation in the sector, government spending and demand revival, said Harish Krishnan of Kotak Mutual Fund.
The 10-year government bond may continue to remain in the tight band of 6.45-6.65 percent
Would avoid chasing momentum but build a portfolio that has reasonable valuations, said Harsha Upadhyaya, CIO Equity, Kotak Mutual Fund.
Stock picking depends on balance sheet and cash flows, and not only earnings growth, says Pankaj Tibrewal, Senior VP & Equity Fund Manager, Kotak Mutual Fund.
We believe that duration funds have reasonable growth potential in the current market trend.
However, Kotak MF remains constructive on markets and corrections are likely to remain short-lived, said CIO Harsha Upadhyaya,
Kotak Emerging Equity Scheme announces Dividend, the record date for declaration of dividend is May 26, 2017
The reason, according to these funds, is to enhance cash levels and be ready to go for bottom fishing when market corrects further
With government focus on affordable housing, a lot of ancillary industry to housing like the pain, tiles, cables etc will do well, said Pankaj Tibrewal, Senior VP & Equity Fund. Manager, Kotak Mutual Fund
In an interview to CNBC-TV18 Harsha Upadhyaya, CIO-Equities at Kotak Mutual Fund shared his reading and outlook on the market. He also spoke about the new banking regulation ordinance that the government has notified to resolve non-performing asset (NPA) issues.